Technological Capabilities, Entrepreneurship and Innovation of Technology-Based Start-Ups: The Resource-Based View
Despite large-scale financial support of the government, there is increasing criticism about the inefficiency of public R&D investment that fails to lead directly to technological innovation of technology-based start-ups. This paper analyzes the factors that influence technological innovation in...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2022-09-01
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| Series: | Journal of Open Innovation: Technology, Market and Complexity |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2199-8531/8/3/156 |
| _version_ | 1797642289438261248 |
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| author | Seungku Ahn Kwon-Sik Kim Kwang-Hoon Lee |
| author_facet | Seungku Ahn Kwon-Sik Kim Kwang-Hoon Lee |
| author_sort | Seungku Ahn |
| collection | DOAJ |
| description | Despite large-scale financial support of the government, there is increasing criticism about the inefficiency of public R&D investment that fails to lead directly to technological innovation of technology-based start-ups. This paper analyzes the factors that influence technological innovation in Korean technology-based start-ups based on the resource-based view (RBV). The empirical analysis combines ordinary least squares and ordered probit analysis of data collected from 248 technology-based start-ups in Korea. The analysis results statistically confirm the effects of technological capabilities and entrepreneurship on technological innovation. First, a start-up’s technological capabilities measured by patents and technological competitiveness have significant positive effects on technological innovation, while the effect of having an in-house R&D department for technological innovation is not significant. Second, entrepreneurship has a significant positive effect on the technological innovation of a start-up, and this positive effect has a moderating effect that further promotes the positive effect of technological competitiveness on technological innovation. |
| first_indexed | 2024-03-11T13:57:54Z |
| format | Article |
| id | doaj.art-2b9dc0302b884f188cb507c246eab77c |
| institution | Directory Open Access Journal |
| issn | 2199-8531 |
| language | English |
| last_indexed | 2024-03-11T13:57:54Z |
| publishDate | 2022-09-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Open Innovation: Technology, Market and Complexity |
| spelling | doaj.art-2b9dc0302b884f188cb507c246eab77c2023-11-02T05:36:11ZengElsevierJournal of Open Innovation: Technology, Market and Complexity2199-85312022-09-01815615610.3390/joitmc8030156Technological Capabilities, Entrepreneurship and Innovation of Technology-Based Start-Ups: The Resource-Based ViewSeungku Ahn0Kwon-Sik Kim1Kwang-Hoon Lee2Office of Planning and Management, Korea Institute of S&T Evaluation and Planning (KISTEP), Seoul 27740, KoreaDivision of Service Innovation Research, Korea Small Business Institute (KOSI), Seoul 07074, KoreaDepartment of Integrated Energy and Infra System, Kangwon National University, Chuncheon 24341, KoreaDespite large-scale financial support of the government, there is increasing criticism about the inefficiency of public R&D investment that fails to lead directly to technological innovation of technology-based start-ups. This paper analyzes the factors that influence technological innovation in Korean technology-based start-ups based on the resource-based view (RBV). The empirical analysis combines ordinary least squares and ordered probit analysis of data collected from 248 technology-based start-ups in Korea. The analysis results statistically confirm the effects of technological capabilities and entrepreneurship on technological innovation. First, a start-up’s technological capabilities measured by patents and technological competitiveness have significant positive effects on technological innovation, while the effect of having an in-house R&D department for technological innovation is not significant. Second, entrepreneurship has a significant positive effect on the technological innovation of a start-up, and this positive effect has a moderating effect that further promotes the positive effect of technological competitiveness on technological innovation.https://www.mdpi.com/2199-8531/8/3/156technological capabilitiesentrepreneurshipinnovationstart-upsRBV |
| spellingShingle | Seungku Ahn Kwon-Sik Kim Kwang-Hoon Lee Technological Capabilities, Entrepreneurship and Innovation of Technology-Based Start-Ups: The Resource-Based View Journal of Open Innovation: Technology, Market and Complexity technological capabilities entrepreneurship innovation start-ups RBV |
| title | Technological Capabilities, Entrepreneurship and Innovation of Technology-Based Start-Ups: The Resource-Based View |
| title_full | Technological Capabilities, Entrepreneurship and Innovation of Technology-Based Start-Ups: The Resource-Based View |
| title_fullStr | Technological Capabilities, Entrepreneurship and Innovation of Technology-Based Start-Ups: The Resource-Based View |
| title_full_unstemmed | Technological Capabilities, Entrepreneurship and Innovation of Technology-Based Start-Ups: The Resource-Based View |
| title_short | Technological Capabilities, Entrepreneurship and Innovation of Technology-Based Start-Ups: The Resource-Based View |
| title_sort | technological capabilities entrepreneurship and innovation of technology based start ups the resource based view |
| topic | technological capabilities entrepreneurship innovation start-ups RBV |
| url | https://www.mdpi.com/2199-8531/8/3/156 |
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